OT: Disney stock hammered on earnings report, ESPN weakness to blame

Source - http://blogs.wsj.com/moneybeat/2015/08/05/as-espn-loses-viewers-some-on-wall-street-move-to-sidelines-on-disney/

tldr; the ESPN spigot is drying up, and they've cut a few of the 'personalities' (worthless talking heads) that shouldn't be making more than local radio people. 

analysis - this will be a death by a thousand cuts - hopefully cord cutters continue into the tens of thousands, if not hundreds of thousands, quarter over quarter, year over year. Eventually we will move towards the European sports model, which Brian cited in a post a few weeks ago.

ESPN still makes up an insane percentage of Disney's total profit (40-something percent?)

Will be very interesting to see if the networks balk at Delany asking for more money in the upcoming contract talks. If I was Fox, I'd tell him you're getting the same amount that you were, because I don't see ESPN paying you any more than I am. Will be very interesting to see how this goes. In time, the golden goose that is the Big Ten Network will unfortunately be taken to the butcher for lack of golden egg output.